Member Info for Truthfactory

Im afraid its 99.9pc certain the shareholders will get nothing.Appalling as I’ve been there myself.Best thing to do is avoid wasting energy and find something a bit more productive

Note again ‘sale of business and assets’ in RNS-not sale of the company.Torched.

Having seen the revised plan I’m not surprised it’s come to this-which is why I have repeatedly called it out.The directors, tucked away in the far north of Scotland, really had no idea about the markets they were planning to ‘exploit’

This was a company with some interesting but not commercialised IP-that’s about it

As for your foul language, I’m sure your mother wouldn’t approve of it or losing all your pocket money

It’s a pre pack.I said after the last RNS to look at the wording of ‘interest in business and assets of the company’ Note it did not say ‘interest in the company’

Subtle but relevant-I reckon the IP and that’s it.Rest torched.

It’s a shell-if it’s not, prove it.Im all ears

As for the shares, how many of the 61pc are ‘sweet equity’ is free??

You may say that but big was right, you loser.

Maybe listen to an alternative view next time

No contracts, no volume capability, miles from anywhere and a pipedream in Dundee-only difference from BV was they had some interesting chemistry.

The valuation on IPO was a joke-and as I said a few days ago, it’s a trade and asset deal with the secured creditors getting all the value.

Nothing to do with the government-just a company with a crap plan in a low margin sector.I got pilloried for saying all this-thankfully they suspended the shares to stop the insane ramping

Horis-AMTE had a terrible business plan.Trust me-it was unfundable if you know anything about the sector

Sorry to see that for all of you-onwards and upwards

You know you’ve won the argument when the ‘why are you here?’ is trotted out

I’m here because I’m waiting to see if he can pull of the Sudanese deal

And by the way, was that RNS you posted written by David Brent or a 5 year old ?

That’s right-hard facts

Now you tell me why the market cap is £7m when there is nothing in it other than a potential deal.Thats how spacs and RTOs operate and how promoters get free equity

I met Edelson because I was looking at reversing something into one of his shells.He had quite a few-hence his nickname ‘shellmeister’

He’s well connected -•look at Knutsford for an example of a shell going to £1bn of value with nothing in it.Of course, investors lost £1bn of value as a result

The point is this is a shell-it has £150k of net assets and a £7m market cap.The only conclusion you can come to is that the rest is hope of a deal transpiring.If it doesn’t, then £7m of value will evaporate.

You can criticise all you like-I just deal in hard facts and I challenge anyone on here to dispute what I have said above

I met Edelson 24 years ago.Ive also met the chairman and at the time it was a Kazakstan deal-ask him about it.

Whether you agree with me or not, the facts are the NAV at year end was c £150k and the current market cap is c£7m.Do you agree?Classic shell with hope baked in-in this case Sudan.Well trailed of course but the market for shells and spacs collapsed 3 years ago.They were all the rage 25 years ago and then 5 years ago-enough time in between for a new generation of punters to back them.

Now go and check the numbers and do let us all know if you agree or disagree thanks.

Net assets at year end £150k-cash £135k.

Market cap £7m

Ahem

I’m betting on a pre pack given the time lapse.Best case is a rescue deal at near zero value with opportunity to participate

Either way, good luck all-and I mean that

Worth a read

I met Edelson probably 25 years ago-he was behind Knutsford

This is a mini Knutsford-market cap nearly £7m with nothing in it other than hope and some ‘talent’

As I said earlier, be careful-this was supposed to be a Kazakhstan play, which didn’t materialise , and it’s now Sudan-according to the Karachi Gazette 😉

https://www.investorschronicle.co.uk/Standard-Articles/2021/03/18/LessonsFromHistory_SPACs

Original business plan at IPO was flawed and as I have said there is next to no margin in manufacturing cells.

Apologies but I’m just stating the facts.This is a shell, Eddleson(‘shellmeister)is involved, it was originally doing a Kazakhstan deal, it’s got little cash and it’s trading at a premium to NAV.

I didnt invest 6 years ago because it was involved in Kazakhstan, but it’s moved on to Sudan

Be careful

Well they are already in cash preservation mode-confetti printing

Show me one word in my posts which is untrue-meantime you keep smoking whatever it is…